Dollars from NCAA Tourney?

[AllWeatherFan]

Texas Instrument

HP12C

Fight, fight, fight, fight...!

 

[Kabooom]

Texas Instrument

HP12C

Fight, fight, fight, fight...!

.....And the Band played on, and on.

 

[BadlandsGrizFan]

I mean he isnt wrong thooooo

Actually, he is dead wrong. As someone else said, financial ignorance.

I think the NCAA generally says they pay the conferences about $275,000, for each game appearance, for 6 years. It's the media that adds it all together. The conferences know exactly what they are getting. There is no trickery.

The baseball players and their agents know exactly how the contracts are structured and what will be paid, and what the incentives are. There is no trickery.

No one can get 8% guaranteed investment right now.

Credit card companies just exactly what they say they will charge, and what is clearly disclosed in the contract and brochures. Jeez, read the disclosure.

Sorry, but everyone doesn't get a financial ribbon. Pay attention. Read. Ask questions.

Some of the prior posts remind me of financial comments, i.e. ignorance, of AOC and Bernie.

Its Wednesday...the 20th of March.....in 2019...and the people of Egriz still dont give a shit about how smart PlayRep thinks he is...and all is well.

No matter what you think of him, he is right about the NCAA payout. It is not a lump sum broken into equal payments, it is an annual credit for a certain amount to be paid for 6 years.

I was in no way commenting on the NCAA payment, I was referring to the discussion of credit cards, and more so a comment on social norms and regularities that the general public just simply doesnt know/understand.

 

[grizindabox]

Actually, he is dead wrong. As someone else said, financial ignorance.

I think the NCAA generally says they pay the conferences about $275,000, for each game appearance, for 6 years. It's the media that adds it all together. The conferences know exactly what they are getting. There is no trickery.

The baseball players and their agents know exactly how the contracts are structured and what will be paid, and what the incentives are. There is no trickery.

No one can get 8% guaranteed investment right now.

Credit card companies just exactly what they say they will charge, and what is clearly disclosed in the contract and brochures. Jeez, read the disclosure.

Sorry, but everyone doesn't get a financial ribbon. Pay attention. Read. Ask questions.

Some of the prior posts remind me of financial comments, i.e. ignorance, of AOC and Bernie.

Its Wednesday...the 20th of March.....in 2019...and the people of Egriz still dont give a shit about how smart PlayRep thinks he is...and all is well.

No matter what you think of him, he is right about the NCAA payout. It is not a lump sum broken into equal payments, it is an annual credit for a certain amount to be paid for 6 years.

I was in no way commenting on the NCAA payment, I was referring to the discussion of credit cards, and more so a comment on social norms and regularities that the general public just simply doesnt know/understand.

:thumb:

 

[AZGrizFan]

Again, a little financial trickery here, which really pisses me off.

They say $1.7 million goes to the school or its conference--but then they pay it off over FIVE years. Which means the present value of the $1.7 million is really closer to $1.02 million.

Another way the NCAA sticks it to the colleges.

Ditto the Mike Trout contract. $430 million over 12 years!!! But the present value of that contract is really $170.75 million. In other words, that's how much the Angels have to put aside today, assuming they can invest that money at only 8%, to lock up the best player in baseball for twelve years.

Same with credit card interest. Some of these companies charge 20% or more, especially if you miss a payment. That means you double your debt in something like three years.

The financial trickery in this country is treacherous. They used to call it usury. Now it's perfectly acceptable. It's called, "Squeeze the suckers dry." Or: Just plain capitalism.

Holy shit. What interest rate are you using in those PV calculations? :lol: :lol: :lol: